Home Deposit Assistance Regulations

Home Deposit Assistance Regulations

Statutory Rules 1982 No. 205 as amended

made under the

Home Deposit Assistance Act 1982

This compilation was prepared on 25 January 2001
taking into account amendments up to SR 1984 No. 196

Prepared by the Office of Legislative Drafting,
Attorney-General’s Department, Canberra

Contents

Page

 1 Citation [see Note 1] 

 2 Interpretation 

 3 Prescribed earnings 

 4 Relevant amounts for the purposes of subsection 39 (4) of the Act             

 5 Application 

Notes 

1 Citation [see Note 1]

  These Regulations may be cited as the Home Deposit Assistance Regulations.

2 Interpretation

  In these Regulations the Act means the Home Deposit Assistance Act 1982.

3 Prescribed earnings

  For the purposes of subsection 33 (2) of the Act, the sum referred to in paragraph 33 (1) (b) shall be adjusted by deducting from it an amount calculated in accordance with the following formula:

  where:

  a is the taxable income of any applicant, or the sum of the taxable incomes of any applicants, in relation to whom a direction or directions, as the case may be, has or have been given under subsection 37 (1) of the Act;

  b is 24, 300; and

  c is 25, 900.

4 Relevant amounts for the purposes of subsection 39 (4) of the Act

  For the purposes of subsection 39 (4) of the Act:

 (a) the lower relevant amount under subsection 39 (5) is $24,300; and

 (b) the higher relevant amount under subsection 39 (5) is $27,900.

5 Application

 (1) Regulation 3 applies to and in relation to an application for a grant under the Act by an applicant, or by applicants, in relation to whom the date that is the prescribed date for the purposes of the Act is a date later than 17 March 1982 and not later than 30 June 1982.

 (2) Regulation 4 applies to and in relation to an application for a grant under the Act by an applicant, or by applicants:

 (a) in the case of an applicant or applicants to whom a direction has been given under subsection 37 (1) of the Act — in relation to whom the prescribed date for the purposes of the Act is a date later than 17 March 1982 and not later than 30 June 1982; and

 (b) in any other case — in relation to whom the date is the prescribed date for the purposes of the Act is a date later than 30 June 1982.

Notes to the Home Deposit Assistance Regulations

Note 1

The Home Deposit Assistance Regulations (in force under the Home Deposit Assistance Act 1982) as shown in this compilation comprise Statutory Rules 1982 No. 205 amended as indicated in the Tables below.

Table of Statutory Rules

Table of Amendments